AUD Trading Outlook (12-01-2016)
AUD/USD Intraday: rebound expected
Pivot: 0.6955
Our preference: long positions above 0.6955 with targets @ 0.704 & 0.7085 in extension.
Alternative scenario: below 0.6955 look for further downside with 0.6925 & 0.69 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
0.713 ***
0.7085 ***
0.704 ***
0.6990 Last
0.6955 ***
0.6925 ***
0.69 **